Apollo-led group in advanced talks to buy Atlas Air Worldwide - WSJ

Aug. 01, 2022 2:10 PM ETAtlas Air Worldwide Holdings, Inc. (AAWW), APOBy: Carl Surran, SA News Editor16 Comments

Landing passenger plane during sunset.

Jaroslaw Kilian/iStock via Getty Images

Atlas Air Worldwide (NASDAQ:AAWW) +13.9% in Monday's trading after The Wall Street Journal reported a group led by Apollo Global Management (NYSE:APO) is in advanced talks to buy the company.

A deal could come soon assuming talks do not fall apart, according to the report, which did not provide any potential deal specifics.

Atlas Air (AAWW) operates the world's largest fleet of Boeing 747 freighter aircraft.

Three months ago, Atlas Air (AAWW) reported better than expected Q1 adjusted earnings of $2.99/share on revenues of more than $1B.

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